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BusinessLatest

Encouraging Progress in Talks with Pakistan, Says IMF

By Staff Writer
0

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have concluded review talks that were held from February 25 to March 11.

The IMF issued a statement recognizing Pakistan’s strong performance in reforms and environmental initiatives. However, no staff-level agreement was reached under the $7 billion Extended Fund Facility (EFF) program.

According to the IMF, discussions with Pakistan showed encouraging progress, particularly on the reform agenda and measures to tackle climate change. Overall, the program’s implementation remained largely on track. Talks focused on reducing the fiscal deficit and strengthening public finances.

The IMF also noted discussions on improving energy sector performance, social protection, health, and education spending. It emphasized maintaining a strict monetary policy to control inflation.

The economic impact of the Middle East conflict on Pakistan was also discussed, and the IMF stated that final conclusions would be reached in the coming days.

Staff Writer
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